Page 56 - Whizmo PR REPORT - November 2024

PRESSR: UAE’s new all-in-one financial app ‘Whizmo’ to transform daily transactions for individuals and businesses — Tradi…
Moreover, with a robust network of merchants and partners, users can

conveniently pay for purchases directly through the app. Users can also

load e-money into their wallets by converting cash at designated retail
outlets, known as 'Whizmo Cash Points,' and then withdraw cash from the

same locations. Built to serve both individuals and enterprises, the app

addresses important issues related to managing daily transactions and

provides users with improved control over financial activities, especially

since it does not require users to link it to their bank account. With these

features, Whizpay Technology is empowering the UAE’s financial landscape
with reliable money solutions for all.

Saeed Bin Khalaf Bin Ahmed Al Otaiba, Chairman, and the driving force

behind Whizmo, stated, "We are extremely delighted to introduce the

Whizmo app to the UAE. With an unwavering commitment to financial

inclusion and empowerment, we are confident that Whizmo will emerge as

a preferred digital money solution, enabling users to take control of their
money and streamline financial activities for all, especially among the

unbanked communities."

Echoing his views, Eric G. Karobia, CEO of Whizmo, stated: “Whizmo is

more than just a financial app; it is a catalyst for change.” He further

elaborated on the organization’s journey, explaining how the app was

conceived in response to the challenges faced by individuals and business

owners who have encountered financial frictions in their daily transactions
due to strong dependence on cash or have been largely disenfranchised.

“Our goal was to develop a solution that bridges existing financial gaps,
provides people with financial freedom, reduces their reliance on cash,

and nurtures opportunities for holistic growth,” Karobia added.

While individuals will be able to effortlessly manage their everyday

finances with Whizmo, businesses can also benefit from its wide range of

features designed to simplify daily transactions. Notably, Whizmo will

facilitate instant realisation of funds, eliminating the long waiting periods

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